Parmalat Canada Completes Refinancing

On July 11, 2006, Parmalat Dairy & Bakery Inc. (Parmalat Canada), a subsidiary of Parmalat S.p.A of Italy, completed a $550 million refinancing with a syndicate of lenders led by the Bank of Nova Scotia and BNP Paribas. Parmalat Canada employs over 2,900 employees across Canada and is in the business of producing milk, dairy products and ingredients, fruit juices, cultured products, cheese products and table spreads with such brands as Beatrice, Lactantia, Astro, Black Diamond and Balderson.
Parmalat Canada was represented in-house by its director of legal services, Tony Cugliari, who instructed a team at Ogilvy Renault LLP that comprised of Jim Riley, Andrew Welsh, Jennifer Stam and John Naccarato (real estate), Barry Segal (tax) and Ali Kermalli (corporate).
The lenders were represented by Borden Ladner Gervais LLP with a team that included James Mathers, Paul McCarten, Bill Robertson, Larissa Tkachenko, Will Wallace, Andrew Collingwood, Leonard Lee, Sylvie Bouvette and Caroline Émond.